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Study Questions: Chapter 1:
"April was another strong month for jobs. According to Department of Labor numbers out this morning, the economy added 274,000 payroll jobs in April—across a myriad of industries—and the unemployment rate held steady at a low 5.2 percent. [note later adjusted to 5.1]....A Solid Year
One year ago, the unemployment rate was at 5.5
percent, and most analysts took that historically low rate as an
encouraging sign. With unemployment below the average rate during
the Clinton Administration—indeed, even below the average rates for
the 1990s, 1980s, and 1970s—the job market seemed to be showing its
resurgent strength."
* annual data not seasonally adjusted The Laffer Curve: Do Tax Cuts Benefit the Economy? |